In the first ten months of 2015, Taiwan’s exports of bottle orchid seedlings fell by 4.53 percent in value because of China’s ban on imports. However, other animal vaccines enjoyed a strong growth, and Taiwan’s effort to support the agricultural biotechnology industry lifted other animal vaccines industry.

Both output and sales values of the industry will still contract in the third quarter of 2015 from the same period a year earlier as a consequence of weaker-than-expected export to China and a decline in the prices of cotton yarn products.

Despite poor domestic sales of the industry, firms within the industry continue to launch new products. Additionally, customers in Europe, India, and Japan keep restocking, suggesting the industry’s sales growth would range between 2 percent and 4 percent in the second half of 2015.

The industry’s production value is expected to rise by 6 to 9 percent in 2015, thanks to stable growth in the domestic market, expansion of export markets, and plans by a number of firms to engage in high margin capsule and tablet nutritional supplements.

Industry conditions are expected to improve in the first half of 2015. However, because of shrinking export markets, growth in the production value of plant tissue culture seedlings may rise by 5 percent to 7 percent from the same period a year earlier.